Rotation Wire

Wire Rotation in foreign trade practice, especially in L/C and collection operations, refers to a rotation notice sent by a bank or importer to the exporter or advising bank via electronic means such as SWIFT, telex, or email, regarding instructions on L/C amendments, payment, acceptance, or refusal. Its core lies in 'rotation'—meaning that in the same transaction, due to information updates or corrections, multiple messages need to be sent, and a later message may replace or supplement an earlier one. Usage scenarios include: L/C term amendments, notice of document discrepancies, payment/acceptance confirmation, etc. Note: After receiving a rotation message, the exporter must verify key information such as reference numbers, amounts, and dates to confirm whether it constitutes an amendment to the original L/C; if the message is ambiguous, clarification should be requested from the bank. Unlike 'Wire Confirmation,' rotation emphasizes the replacement nature of messages, while confirmation merely refers to verification of prior information. Compared with 'Cable Advice,' rotation focuses more on the sequential relationship of multiple messages within the same transaction.